Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its position in Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) by 1.5% in the third quarter, Holdings Channel.com reports. The fund owned 2,299,485 shares of the industrial products company’s stock after buying an additional 32,999 shares during the period. Vanguard Group Inc.’s holdings in Hollysys Automation Technologies were worth $45,622,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Qube Research & Technologies Ltd increased its stake in Hollysys Automation Technologies by 164.3% during the third quarter. Qube Research & Technologies Ltd now owns 310,154 shares of the industrial products company’s stock valued at $6,153,000 after purchasing an additional 192,785 shares during the last quarter. Maso Capital Partners Ltd grew its position in shares of Hollysys Automation Technologies by 15.1% during the 3rd quarter. Maso Capital Partners Ltd now owns 1,055,852 shares of the industrial products company’s stock valued at $20,948,000 after buying an additional 138,259 shares during the last quarter. California Public Employees Retirement System raised its stake in Hollysys Automation Technologies by 2.9% during the third quarter. California Public Employees Retirement System now owns 108,942 shares of the industrial products company’s stock worth $2,161,000 after acquiring an additional 3,028 shares during the period. Prescott Group Capital Management L.L.C. raised its stake in Hollysys Automation Technologies by 20.6% during the third quarter. Prescott Group Capital Management L.L.C. now owns 290,665 shares of the industrial products company’s stock worth $5,767,000 after acquiring an additional 49,666 shares during the period. Finally, Ergoteles LLC bought a new position in Hollysys Automation Technologies in the second quarter worth about $316,000. 78.67% of the stock is owned by institutional investors and hedge funds.

Hollysys Automation Technologies Stock Performance

Shares of HOLI opened at $25.63 on Wednesday. The firm has a fifty day moving average of $25.61 and a 200-day moving average of $24.00. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 19.13 and a beta of 0.53. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.70 and a current ratio of 2.90. Hollysys Automation Technologies Ltd. has a 1 year low of $15.13 and a 1 year high of $27.25.

Hollysys Automation Technologies (NASDAQ:HOLI) last issued its quarterly earnings data on Thursday, March 7th. The industrial products company reported $0.23 earnings per share for the quarter. Hollysys Automation Technologies had a net margin of 10.56% and a return on equity of 7.09%. The firm had revenue of $223.72 million for the quarter.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Hollysys Automation Technologies in a research report on Monday. They set a “buy” rating on the stock.

About Hollysys Automation Technologies

Hollysys Automation Technologies Ltd. provides automation control system solutions in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising simulation training system, HolliAS asset management system, advanced process control, and manufacturing execution system, as well as HOLLiAS MACS-N DCS, a proprietary nuclear power non-safety automation and control system.